Danish Coana secures $1.6M pre-seed funding to transform open source vulnerability management through advanced program analysis
Danish Coana secures $1.6M pre-seed funding to transform open source vulnerability management through advanced program analysis
01/25/24, 2:01 PM
Location
aarhusMoney raised
$1.6 million
Industry
software development
Round Type
seed
Investors
Essence Vc, Sequoia Capital
Coana, a startup stemming from Aarhus University, has secured $1.6 million in pre-seed funding, led by Sequoia Capital with additional support from Essence VC and industry experts. The funding will propel the advancement of their unique methodology, particularly in expanding reachability analysis, solidifying Coana’s position as a transformative force in the vulnerability management landscape.
Company Info
Location
aarhus, central denmark region, denmark
Additional Info
Imagine a scenario where up to 95% of security alerts you receive are irrelevant. That's the unfortunate standard with traditional open source vulnerability scanners, known as SCA tools. Coana is here to change this. Developed by top academic researchers from a leading research group in Denmark, Coana's advanced reachability analysis filters out irrelevant alerts. This allows engineering teams to focus only on vulnerabilities that are actually relevant, significantly reducing the vulnerability management workload without compromising security standards.